Renault to widen the responsibilities of CEO Carlos Ghosn

Article by Christian Andrei, on October 11, 2011

Renault SA is anticipated to make an announcement this Friday about the reorganization of its board that will extend the CEO Carlos Ghosn's responsibilities, French newspaper La Tribune reported. No sources were cited. Ghosn, who also serves as CEO of Renault's alliance partner Nissan Motor Co., is expected to take on extra duties, like risk management and internal audit, in an endeavor to display that the French automaker is now his primary concern, the newspaper reported.

Earlier this year, Renault dismissed a number of executives on the basis of suspicions of industrial espionage that later turned out to be baseless.

During that time, Ghosn came under fire for how he handled the scandal, which according to some critics, had uncovered the vulnerable risk controls at the company.

Renault was not immediately available to make a remark on this matter, says Autonews. In May, Carlos Tavares became the chief operating officer at Renault, replacing Patrick Pelata, who stepped down in April for his role in the messed up industrial espionage probe.

With regards to the Tavares appointment, Ghosn agreed -- under French government pressure -- to dedicate more time to Renault, two insiders told Bloomberg News during the time.

France is Renault's largest investor with a 15 percent share. As Ghosn boosts its role at Renault, the No. 2 position will be somewhat decreased from the operational command Pelata held, Bloomberg reported.

Topics: renault, ceo

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